M&A - Arax Holdings Corp

Form Type: 8-K

Filing Date: 2025-01-30

Corporate Action: Acquisition

Type: New

Accession Number: 000175392625000161

Filing Summary: ARAX Holdings Corp. has received a Letter of Intent (LOI) for the acquisition of a 50% interest in @Copper Namibia, a company focused on processing copper and silver materials. This acquisition aligns with ARAX's mission to enhance commodity trading through decentralized financial solutions. The integration of @Copper Namibia into ARAX's blockchain-driven trade finance platform will improve transparency and efficiency in the supply chain. ARAX plans to launch a fully blockchain-based trade finance platform, offer DeFi-powered trade solutions, and ensure compliance across transactions. The management emphasizes that this acquisition is part of its larger strategy to revolutionize trade finance for the mining and industrial sectors. Due diligence and regulatory processes will follow to finalize the transaction.